Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q 1 . Tea exports ( thousands of tons ) as well as interest rates were recorded for the years as indicated in the table

Q1. Tea exports (thousands of tons) as well as interest rates were recorded for the years as indicated in the table below.
Year 123456789101112131415
Int. Rt 5812141517141821222023242521
Tons 978183767863726254585150454752
If the volume of tea exported is thought to regress on interest rates,
(a) Test for heteroscedasticity by Spearmans rank correlation test.
(b) Carry out a Durbin-Watson auto correlation test.
Q2 In a study of the relationship between ownership of a farm tractor (Y) and maize harvest (X) on maize farmers in a region, a sample of farmers whose volume in harvest is was randomly selected and the number of farmers owning tractors recorded. If is the sample size from the group with volume and is the number in the group with tractors as in the table below,
xi 212630131520253035404447
Ni 657754576470554030233328
ni 122418222536352725192823
(a) Fit a logit model and estimate the ownership of a tractor for a farmer whose harvest is 18.
(b) Fit a probit model and estimate the ownership of a tractor for a farmer whose harvest is 18.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Valuation For Accountants A Short Course Based On IFRS

Authors: Stephen Lynn

1st Edition

9811503567, 9789811503566

More Books

Students also viewed these Accounting questions